AMC Entertainment

Long

Crouching Tiger, Hidden Divergence

Updated

Things I like about longing AMC:

Bullish RSI divergences
An ~85% pullback from the lows around $2 and the highs around $70
Entertainment has thrived in past recessions
AMC shows are top notch
Potential to profit quickly due to short sellers and hype

I have my targets at $25 and $48...

Trade closed manually

Note

AMC is now a really nice short opportunity.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.